Come every year, the beginning of new financial year gets the most awaited eyes fixed on the budget to see what’s in for them and what is out! While every sector gets its share of wins and losses, let’s hop on to see what the life science sector had in store. Struggling to swim amidst the ocean of unemployability, unsatisfactory growth, lack in funding and more, life science sector await its share of good news in the kitty with this budget. Did it provesatisfactory to the life science work force? Did it pave off good news to them. Let’s find out with this article what made the industry happy and what brought dejection.
“Biotechnology can be another vibrant model for growth that India can offer,” the science minister, Harsh Vardhan, had said back in December. With the Department of Science and Technology receiving 44.7 billion rupees (US$650 million) and the Department of Biotechnology receiving 18.2 billion rupees, a 17% and 12% rise respectively on previous year allocations, there are high hopes that industry is going to evolve..
Read More: Biotecnika Magazine | April 2016
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